Peter Edson of cottages4you and Tony Briscoe of DHC Accounting provide a guide to starting a holiday let.
There’s a wealth of opportunities for property owners to get into the self-catering holiday market. But what do you need to consider?
Location, location, location
You don’t need to be in a hot spot, but it needs to be somewhere where people will want to spend their hard-earned holidays.
Agency or flying solo
A good agent will deal with all enquiries, bookings and negotiations. Also consider marketing – how will you make sure people know about your property?
Sell the dream
Ensure your property is easy to find online and represented by excellent images to grab people’s attention at a first glance.
Consider the levels of grading
It’s good to understand all the requirements for 4 and 5 star gradings to ensure you fit out your property accordingly.
Naturally you want to make a good return, but pricing yourself too high may put your property out of reach. Seek expert advice.
If your property is aimed at families, think about childproofing and extra equipment, which could be helpful to guests.
Tax and accounting
Holiday lets can have great tax benefits over a residential let, although it’s a complicated area so you should always seek specialist advice. If you do use an agency, choose one that best fits the unique selling points of your property. Welcome Cottages and English Country Cottages offer marketing expertise to get your property noticed. What’s more, your property will also be listed on the UK’s largest self-catering holiday website www.cottages4you.co.uk with over 35 years of experience.
Welcome Cottages has a 6,000-strong collection offering everything from rural retreats to villas with beach views.
English Country Cottages offers a boutique collection of heritage houses and luxurious holiday cottages, handpicked to ensure that only the most unique, elegantly furnished and stunningly situated properties are included.